ADMG (Adamant DRI Processing and Minerals Group) EBIT: $-0.08 Mil (TTM As of Sep. 2023)

What is Adamant DRI Processing and Minerals Group EBIT?

Adamant DRI Processing and Minerals Group ADMG 20 EBIT is $-0.08 Mil as of Sep. 2023. GuruFocus rates ADMG with a GF Score™ of 20/100.

Adamant DRI Processing and Minerals Group's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-0.03 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $-0.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Adamant DRI Processing and Minerals Group's annualized ROC % for the quarter that ended in Sep. 2023 was -371.83%. Adamant DRI Processing and Minerals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -280.85%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Adamant DRI Processing and Minerals Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -3.81%.

Adamant DRI Processing and Minerals Group (OTCPK:ADMG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Adamant DRI Processing and Minerals Group's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	-0.132 * ( 1 - 0% )	/	( (0.025	+	0.046)	/ 2 )
=	-0.132	/	0.0355
=	-371.83 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0	-	0.023	-	( 0	-	max(0, 0.048	-	0	+	0	))
=	0.025

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	0.07	-	0.024	-	( 0	-	max(0, 0.035	-	0.07	+	0	))
=	0.046

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Adamant DRI Processing and Minerals Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-0.132	/	( ( (0 + max(-0.023, 0))	+	(0 + max(0.047, 0)) )	/	1 )
=	-0.132	/	( ( 0	+	0.047 )	/	1 )
=	-0.132	/	0.047
=	-280.85 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(0.023	+	0	+	0)
=	-0.023

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.07)	-	(0.024	+	0	+	-0.001)
=	0.047

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Adamant DRI Processing and Minerals Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	-0.077	/	2.019
	=	-3.81 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Adamant DRI Processing and Minerals Group EBIT Related Terms

Adamant DRI Processing and Minerals Group EBIT Historical Data

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The historical data trend for Adamant DRI Processing and Minerals Group's EBIT can be seen below:

Adamant DRI Processing and Minerals Group EBIT Chart

Adamant DRI Processing and Minerals Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

EBIT

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-0.62

-0.57

-0.00

-0.06

-0.07

Adamant DRI Processing and Minerals Group Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															-0.01	-0.01	-0.01	-0.02	-0.03

ADMG vs NFTN, FORW, BUUZ: EBIT Comparison

For the Shell Companies subindustry, Adamant DRI Processing and Minerals Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Adamant DRI Processing and Minerals Group EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adamant DRI Processing and Minerals Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Adamant DRI Processing and Minerals Group's EV-to-EBIT falls into.

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20GF Score

Adamant DRI Processing and Minerals Group ADMG

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Adamant DRI Processing and Minerals Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.08 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-0.08 Mil mean?

Adamant DRI Processing and Minerals Group (ADMG) has a EBIT of $-0.08 Mil as of Sep. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Adamant DRI Processing and Minerals Group.

Is Adamant DRI Processing and Minerals Group's EBIT too high?

Adamant DRI Processing and Minerals Group's current EBIT is $-0.08 Mil. Overall, Adamant DRI Processing and Minerals Group has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.

How does Adamant DRI Processing and Minerals Group's EBIT compare to NFTN and FORW?

Adamant DRI Processing and Minerals Group's EBIT of $-0.08 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Diversified Financial Services company?

A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Adamant DRI Processing and Minerals Group. Adamant DRI Processing and Minerals Group's current EBIT is $-0.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Adamant DRI Processing and Minerals Group stock overvalued right now?

Adamant DRI Processing and Minerals Group (ADMG) has a current EBIT of $-0.08 Mil. The current EBIT is $-0.08 Mil. Adamant DRI Processing and Minerals Group's overall GF Score™ is 20/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Adamant DRI Processing and Minerals Group (ADMG), the current EBIT is $-0.08 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Adamant DRI Processing and Minerals Group Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies NFTN FORW BUUZ STLY HNRA XITO BLYQ LOGQ TCRI BRLI PBAJ BOM:543385 SCRM CVII SVMB GHIX AACT DWAC SAGA LSE:ADMR

Address Clonmullen, Co Wexford, Bunclody, COL, WX Y21X9C8

Website https://www.adamantglobalcapital.com

Adamant DRI Processing and Minerals Group is a shell company.

20GF Score

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$0.12

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